Demand for mortgage bonds exceeds supply by 12 times in Azerbaijan

The demand for bonds of the Azerbaijan Mortgage Fund (AMF), acting under the Central Bank, at the last auction, has exceeded supply by more than 12.4 times, the fund said.

The Baku Stock Exchange placed uncertificated registered bonds to the amount of 3 million manat.

The bids were made by three investors, totaling 38.303 million manat at face value. The entire amount of bonds was placed.

The maturity date is December 11, 2017.


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